Ga. colleges make $11 billion economic impact statewide

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ATLANTA (AP) -- A new study shows the state's 35 public colleges and universities have an $11 billion economic impact on Georgia.

The report released by the University of Georgia's Selig Center for Economic Growth on Thursday shows that the state's campuses generated an additional 52 cents on every dollar they spent in their communities in fiscal year 2007. The University System of Georgia employs 106,267 people, which represents one in every 39 jobs in the state.

Study author Jeffrey Humphreys, director of the Selig Center, said the study proves that college campuses are economic engines in their communities.

The study was commissioned by the Georgia Board of Regents.
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(Copyright 2008 by The Associated Press. All Rights Reserved.)
APNP-06-06-08 0401EDT

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